Ann: Iron Peak Mineral Resource Significantly Improved, page-26

For those questioning the significance of the announcement, it might be worth reading over what’s being happening at hio. They are now drilling in the hopethey can find a similar shallow high grade resource to make the project financial viable to start up. MGT have now announced within the same month they have this exact key piece of the financial puzzle necessary for a smaller capex start up.

The timing of the announcement screams credit raise. Stabilise the SP and hit up a credit raise. At this point in the project the biggest announcements now will be around funding. With out a compelling DFS the resource is destined to stay in the ground. The same has been recognised across at hio and caused a slow down. If they released a bfs that was unviable the project is dead in the water. Opinion not advice.